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rapala vmc oyj (RAP1V) Details

Rapala VMC Corporation, together with its subsidiaries, engages in sourcing, manufacturing, and distributing fishing tackle products in North America, Nordic countries, rest of Europe, and internationally. The company operates in two segments, Group Products and Third Party Products. It offers fishing tackle equipment, including fishing lures, treble hooks, fishing lines and accessories, and fishing related knives and tools. The company also provides third party products, such as products for winter fishing, winter sports, skiing, hunting, and outdoor. Its brand portfolio includes Rapala, VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Marttiini, and Peltonen. The company was founded in 1936 and is based in Helsinki, Finland.

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Rapala VMC Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

Jul 23 15

Rapala VMC Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of EUR 80.1 million compared to EUR 77.7 million a year ago. EBITDA was EUR 10.1 million compared to EUR 10.4 million a year ago. Operating profit was EUR 8.3 million compared to EUR 8.6 million a year ago. Profit before taxes was EUR 6.4 million compared to EUR 7 million a year ago. Profit attributable to equity holders of the company was EUR 3.3 million compared to EUR 3.1 million a year ago. Basic and diluted EPS was EUR 0.09 compared to EUR 0.08 a year ago. Net cash generated from operating activities was EUR 17.6 million compared to EUR 21.5 million a year ago. Investments were EUR 1.9 million compared to EUR 1.8 million a year ago.
For the six months, the company reported net sales of EUR 154 million compared to EUR 143.9 million a year ago. EBITDA was EUR 20.9 million compared to EUR 19.5 million a year ago. Operating profit was EUR 17.4 million compared to EUR 16 million a year ago. Profit before taxes was EUR 13.3 million compared to EUR 12.5 million a year ago. Profit attributable to equity holders of the company was EUR 7.2 million compared to EUR 7.5 million a year ago. Basic and diluted EPS was EUR 0.19 compared to EUR 0.19 a year ago. Net cash generated from operating activities was EUR 10.7 million compared to EUR 13.5 million a year ago. Investments were EUR 3.4 million compared to EUR 3.8 million a year ago. Net interest-bearing debt at end of period was EUR 108.8 million.
The Group expects full year net sales and comparable operating profit (excluding non-recurring items and mark-to-market valuations of operative currency derivatives) to be above 2014 levels.

Rapala VMC Corp. reported consolidated unaudited earnings results for the first quarter of 2015. For the quarter, the company reported net sales were EUR 73.9 million against EUR 66.2 million a year ago. EBITDA was EUR 10.8 million against EUR 9.1 million a year ago. Operating profit (EBIT) was EUR 9.1 million against EUR 7.4 million a year ago. Profit before taxes was EUR 6.9 million against EUR 5.5 million a year ago. Profit attributable to equity holders of the company was EUR 3.9 million or EUR 0.10 per share against EUR 4.3 million or EUR 0.11 per share a year ago. Net cash used in operating activities was EUR 7.0 million against EUR 8.0 million a year ago.

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